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1672 E 56th St, Long Beach CA 90805

1672 E 56th St, Long Beach CA 90805
$650,000

Description

1672 E 56th St is a triplex located in North Long Beach, just a short commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village. The triplex was built in 1944 and consists of 1,964 SF of living space situated on a 6,858 SF lot. 1672 E 56th St offers a great unit mix consisting of (2) 2-Bed/1-Bath units and (1) studio. The property has been well maintained and features a fenced-in back yard.

Located in one of the strongest rental markets in California – this is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low.

Highlights:

  • Triplex in North Long Beach Situated on a Large 6,858 SF Lot
  • Currently Operating At a 5% CAP Rate
  • Unit Mix – (2) 2-Bed/1-Bath Units & (1) Studio
  • Features a Fenced-In Backyard with Extra Parking Spaces for Guests
  • Only a Short Commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village

Property Downloads

  • City: Long Beach
  • State/county: CA
  • Country: United States

Detail

Updated on July 28, 2020 at 9:47 am

  • Price: $650,000
  • List Date: 7/28/2020
  • Property Size: 1,964 Sq Ft
  • Land Area: 6,858 Sq Ft
  • Year Built: 1944
  • Property Type: Triplex, Multifamily
  • Property Status: Active
  • Numbers of Units: 3
  • NOI: $32,964
  • GRM: 13.37
  • CAP RATE: 5.10%
  • Price per Unit: $216,667
  • Market GRM: 12.17
  • Market CAP RATE: 5.80%

Contact info

Brett Lyon
Brett Lyon
(310) 880-5328(310) 780-1899
Linkedin
Woody Stahl
Woody Stahl
(310) 880-0926(310) 710-3829
Linkedin

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